- Alaska Communications (NASDAQ:ALSK) issued solid earnings guidance and beat revenue expectations during a quarter in which it worked to unload a wireless business that had presented a debt overhang.
- Loss on impairment of goodwill of $6M helped push the firm to an operating loss of $884K. Net loss was $5.36M. Adjusted EBITDA was $22.3M (up 34%), beating an expected $20.7M.
- The company's guiding to "continued top line performance, steady deleveraging and achieving run rate adjusted EBITDA exiting 2015 through targeted synergies."
- More specifically, it expects total wireline revenue of $220M, in line with expectations, and EBITDA of $54M-$56M vs. expectations of about $40M.
- Shares have turned lower after hours, -5.3%.
- Conference call at 5 p.m. ET.
- Press release
- Previously: Alaska Communications wraps sale of wireless business (Feb. 02 2015)
Alaska Communications off 5% in post-earnings late trading
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Symbol | Last Price | % Chg |
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ALSK | - | - |
Alaska Communications Systems Group, Inc. |